CNBC Utilities Page Latest Business News Wires - Business Headlines

More

  • TOKYO, Dec 8- Japan's economy dodged recession in the third quarter with the initial estimate of a contraction revised to an annualised expansion of 1.0 percent, offering a glimmer of hope for policymakers struggling to end years of stagnation. Capital expenditure was the key contributor to the upgrade, a welcome sign for premier Shinzo Abe's administration...

  • *China trade performance remains weak in November. SHANGHAI, Dec 8- China and Hong Kong stocks ended Tuesday morning sharply lower, as disappointing China trade data and slumping oil prices unnerved investors already cautious ahead of an anticipated U.S. rate hike next week that could trigger more capital outflows. In Hong Kong, the benchmark Hang Seng index...

  • *China's copper imports jump 10 pct to 460,000 T in Nov. *China's aluminium exports surge to equal second highest ever. China's trade performance remained weak in November, with exports falling by a more-than-expected 6.8 percent from a year earlier, the fifth straight monthly decline, preliminary government data showed on Tuesday.

  • BEIJING, Dec 8- Ride hailing service Didi Kuaidi, Uber Technologies Inc's chief rival in China, said on Tuesday it had appointed Yahoo Inc co-founder and Alibaba Group Holdings Ltd investor Jerry Yang as a board observer and senior adviser. Yang's new positions at Didi Kuaidi add a new link in the cobweb of relations between the Chinese ride hailing company and...

  • SINGAPORE/ SYDNEY, Dec 8- The U.S. dollar held firm against commodity currencies on Tuesday and hovered near decade-highs against its Canadian peer, which has come under renewed pressure this week due to tumbling global oil prices. The decision gave investors the green light to sell crude and currencies of oil exporters such as Canada and Norway.

  • BEIJING, Dec 8- Following is a breakdown of China's exports and imports with its biggest trade partners.: For the story on November trade data, click. Exports Imports Balance Exports Imports Exports Imports+/-% y/y+/-% y/y+/-% m/m+/-% m/m Japan 11.8 11.7 0.2 -10.5 -10.3 3%. Korea 9.0 16.3 -7.2 1.3 5.3 -7%.

  • Dec 8- China's food and drug regulator said late on Monday it had rejected applications for 13 new drugs, citing false or incomplete trial data, as the government toughens enforcement of quality standards. The China Food and Drug Administration last month also rejected applications by eight Chinese companies for inadequate trial data related to generic...

  • BEIJING, Dec 8- China's November crude oil imports rose 7.6 percent from the same month a year ago, data showed on Tuesday, as state energy firms extended the strategy of maintaining strong buying on low crude prices and exporting surplus refined fuel. China brought in 27.34 million tonnes, or 6.65 million barrels per day last month, preliminary data from the...

  • SINGAPORE, Dec 8- U.S. soybeans were little changed on Tuesday after suffering deep losses in the last session on expectations of large supplies from Argentina hitting the market. Chicago Board Of Trade January soybeans were up just slightly at $8.82-1/ 2 a bushel by 0255 GMT, having finished down 2.2 percent on Monday after hitting a near one-week low of $8.81-1/ 4...

  • BEIJING/ SEOUL, Dec 8- South Korea expects its planned yuan-denominated sovereign bond issuance in China to be made during next week, a finance ministry official said soon after China's central bank approved the 3 billion yuan sale on Tuesday. The finance ministry said in a statement South Korea would be the first country to issue yuan-denominated sovereign...

  • *Commodity currencies weak with Aussie soft after China data. With financial markets have already priced in a rate hike, it is the trajectory of U.S. interest rates communicated by Fed Chair Janet Yellen that investors will watch amid uncertainty about growth in China and globally. The MSCI's broadest index of Asia-Pacific shares outside Japan dropped 1.2...

  • SINGAPORE/ BEIJING, Dec 8- China's gold reserves rose by nearly 21 tonnes last month, the biggest purchase since it began disclosing monthly data on the stockpile earlier this year, central bank data showed on Tuesday. Gold reserves stood at 56.05 million fine troy ounces at the end of November, up from 55.38 million at end-October, according to the People's Bank of...

  • *Nearly 80 pct downbeat on China business expansion prospects. TOKYO, Dec 8- Japanese firms are deeply pessimistic about near-term growth prospects in China, with 79 percent saying they do not expect to expand business there next year, a Reuters poll showed. "China is in much worse shape than the media reports," commented another manager at a services company.

  • BEIJING, Dec 8- China's trade performance remained weak in November, with exports falling by a more-than-expected 6.8 percent from a year earlier, their fifth straight month of decline, data showed on Tuesday. That left the country with a trade surplus of $54.10 billion for the month, the General Administration of Customs said on Tuesday, down from October's...

  • *China's trade performance weakens further. SINGAPORE, Dec 8- Crude prices remained near 7- year lows on Tuesday as OPEC continues to pump near record oil to defend market share, compounding a glut that has seen hundreds of thousands of barrels produced every day in excess of demand. "The decision by OPEC- members to keep oil production output at record high levels......

  • BEIJING, Dec 8- China's trade performance remained weak in November, with exports falling by a more-than-expected 6.8 percent from a year earlier, their fifth straight month of decline, data showed on Tuesday. That left the country with a trade surplus of $54.10 billion for the month, the General Administration of Customs said on Tuesday, down from October's...

  • BEIJING, Dec 8- China's November exports disappointed analyst expectations, falling 6.8 pct from a year earlier in dollar terms, while imports fell by 8.7 percent. That left the country with a trade surplus of $54.10 billion for the month, the General Administration of Customs said on Tuesday. Analysts polled by Reuters had expected exports to fall by 5.0 percent,...

  • TOKYO, Dec 8- Japan's Nikkei share average fell on Tuesday, with sharp declines in oil and commodity shares offsetting news that the economy had dodged a recession in the third quarter. Inpex Corp tumbled 5.4 percent and Japan Petroleum Exploration shed 3.5 percent. Mitsubishi Corp dropped 2.3 percent, Sumitomo Corp shed 2.4 percent and Mitsui& Co declined 2.5...

  • BEIJING, Dec 8- The South Korean government will issue 3 billion yuan worth of bonds in China's domestic interbank market, China's central bank said on Tuesday. This agreement was reached when Chinese Premier Li Keqiang visited South Korea in November, the central bank said in a statement on its website. Reuters first reported China was expected to approve South...

  • SYDNEY, Dec 8- U.S. corn edged up on Tuesday, recovering slightly from losses of more than 2 percent as traders squared positions ahead of a widely watched U.S. government report later in the week that is expected to show increased supply. *Chicago Board Of Trade January soybeans were unchanged at $8.82-1/ 4 a bushel, having slid 2.6 percent on Monday when prices hit a...